Asahi Breweries, Canon Machinery, Right On, Takashimaya: Japan Stocks

By Kana Nishizawa -
Jun 29, 2010

Japan’s Nikkei 225 Stock Average
fell 123.27, or 1.3 percent, to 9,570.67 at the close of trading
in Tokyo. The following were among the most active shares in the
Japanese market today. Stock symbols are in parentheses after
company names.

Asahi Breweries Ltd. (2502 JT) declined 3.1 percent to
1,528 yen. Japan’s beermaker may report a group operating profit
of about 22.5 billion yen ($252 million) for the six months
ending June 30, falling short of the 24 billion yen forecast,
Nikkei English News reported.

Right On Co. (7445 JT) tumbled 11 percent to 615 yen, the
lowest close since March 2003. The retailer of jeans and casual
wear cut its full-year dividend forecast to 10 yen a share from
20 yen. The company said net income for the nine months ended
May 20 fell 77 percent to 424 million yen from a year earlier.

Satori Electric Co. (7420 JT) soared 8.6 percent to 721 yen.
The trader of electronic equipment said in preliminary earnings
statement its full-year net income increased to 1.1 billion yen
from its 900 million yen forecast.

Takashimaya Co. (8233 JT) slid 1.1 percent to 737 yen. The
department-store operator raised its full-year net income
forecast to 11 billion yen from 8 billion yen. The company said
it plans to terminate its U.S. operations to relocate resources
to faster-growing markets in Asia.

Topy Industries Ltd. (7231 JT) dropped 3.6 percent to 187
yen. The maker of steel products registered to sell as much as
40 billion yen of bonds, according to a filing today with
Japan’s finance ministry.

Weathernews Inc. (4825 JT) surged 14 percent to 1,208 yen,
the steepest climb since November 2008. The weather forecasting
service provider said full-year net income rose 20 percent to
1.42 billion yen from a year earlier.